{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "event-of-default", "type": "clause", "offset": [54, 70]}, {"key": "the-collateral-agent", "type": "definition", "offset": [72, 92]}, {"key": "at-any-time", "type": "clause", "offset": [113, 124]}, {"key": "from-time-to-time", "type": "clause", "offset": [129, 146]}, {"key": "on-the-premises", "type": "definition", "offset": [167, 182]}, {"key": "any-loan", "type": "clause", "offset": [186, 194]}, {"key": "party-a", "type": "clause", "offset": [195, 202]}, {"key": "authority-to", "type": "definition", "offset": [282, 294]}, {"key": "the-agents", "type": "clause", "offset": [328, 338]}, {"key": "the-lenders", "type": "clause", "offset": [344, 355]}, {"key": "each-loan-party", "type": "definition", "offset": [368, 383]}, {"key": "agrees-to", "type": "clause", "offset": [391, 400]}, {"key": "cooperate-with", "type": "clause", "offset": [436, 450]}, {"key": "reasonably-request", "type": "definition", "offset": [530, 548]}, {"key": "expenses-incurred", "type": "clause", "offset": [591, 608]}, {"key": "employment-of", "type": "clause", "offset": [666, 679]}, {"key": "the-custodian", "type": "definition", "offset": [680, 693]}, {"key": "the-borrowers", "type": "definition", "offset": [725, 738]}, {"key": "the-loan-account", "type": "clause", "offset": [754, 770]}], "snippet": "Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent or its designee may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral Agent or its designee who shall have full authority to do all acts necessary to protect the Agents\u2019 and the Lenders\u2019 interests. Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral Agent or its designee may reasonably request to preserve the Collateral. All costs and expenses incurred by the Collateral Agent or its designee by reason of the employment of the custodian shall be the responsibility of the Borrowers and charged to the Loan Account.", "samples": [{"hash": "lcLYEwYVCsn", "uri": "/contracts/lcLYEwYVCsn#collateral-custodian", "label": "Financing Agreement (Accuray Inc)", "score": 37.1286773682, "published": true}, {"hash": "7QSziCxevkp", "uri": "/contracts/7QSziCxevkp#collateral-custodian", "label": "Financing Agreement (Accuray Inc)", "score": 36.6550292969, "published": true}, {"hash": "dGoxPwbK9bb", "uri": "/contracts/dGoxPwbK9bb#collateral-custodian", "label": "Financing Agreement (TCW Group Inc)", "score": 36.4579048157, "published": true}], "size": 113, "hash": "0dea8268d25ac7be95c5cd1a9f65a158", "id": 1}, {"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "event-of-default", "type": "clause", "offset": [54, 70]}, {"key": "the-collateral-agent", "type": "definition", "offset": [72, 92]}, {"key": "at-any-time", "type": "clause", "offset": [97, 108]}, {"key": "from-time-to-time", "type": "clause", "offset": [113, 130]}, {"key": "on-the-premises", "type": "definition", "offset": [151, 166]}, {"key": "any-loan", "type": "clause", "offset": [170, 178]}, {"key": "party-a", "type": "clause", "offset": [179, 186]}, {"key": "authority-to", "type": "definition", "offset": [250, 262]}, {"key": "the-agents", "type": "clause", "offset": [296, 306]}, {"key": "the-lenders", "type": "clause", "offset": [312, 323]}, {"key": "each-loan-party", "type": "definition", "offset": [336, 351]}, {"key": "agrees-to", "type": "clause", "offset": [359, 368]}, {"key": "cooperate-with", "type": "clause", "offset": [404, 418]}, {"key": "reasonably-request", "type": "definition", "offset": [482, 500]}, {"key": "expenses-incurred", "type": "clause", "offset": [543, 560]}, {"key": "employment-of", "type": "clause", "offset": [602, 615]}, {"key": "the-custodian", "type": "definition", "offset": [616, 629]}, {"key": "of-the-borrower", "type": "clause", "offset": [658, 673]}, {"key": "the-loan-account", "type": "clause", "offset": [689, 705]}], "snippet": "Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral Agent who shall have full authority to do all acts necessary to protect the Agents\u2019 and the Lenders\u2019 interests. Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral Agent may reasonably request to preserve the Collateral. All costs and expenses incurred by the Collateral Agent by reason of the employment of the custodian shall be the responsibility of the Borrower and charged to the Loan Account.", "samples": [{"hash": "gecEySgf2yH", "uri": "/contracts/gecEySgf2yH#collateral-custodian", "label": "Financing Agreement (Gametech International Inc)", "score": 21.0, "published": true}, {"hash": "9Jh4SH9OHMN", "uri": "/contracts/9Jh4SH9OHMN#collateral-custodian", "label": "Financing Agreement (Metalico Inc)", "score": 21.0, "published": true}, {"hash": "8SIJCp1yQEc", "uri": "/contracts/8SIJCp1yQEc#collateral-custodian", "label": "Financing Agreement (Russ Berrie & Co Inc)", "score": 21.0, "published": true}], "size": 48, "hash": "d72352079cdea6c5c50babd55c1b1251", "id": 2}, {"snippet_links": [{"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [24, 58]}, {"key": "the-agent-may", "type": "clause", "offset": [60, 73]}, {"key": "at-any-time", "type": "clause", "offset": [74, 85]}, {"key": "from-time-to-time", "type": "clause", "offset": [90, 107]}, {"key": "the-premises", "type": "clause", "offset": [131, 143]}, {"key": "the-borrowers", "type": "definition", "offset": [147, 160]}, {"key": "authority-to", "type": "definition", "offset": [215, 227]}, {"key": "report-to", "type": "clause", "offset": [303, 312]}, {"key": "agree-to", "type": "clause", "offset": [353, 361]}, {"key": "cooperate-with", "type": "clause", "offset": [362, 376]}, {"key": "reasonably-request", "type": "definition", "offset": [429, 447]}, {"key": "the-collateral", "type": "definition", "offset": [460, 474]}, {"key": "expenses-incurred-by-the-agent", "type": "clause", "offset": [490, 520]}, {"key": "employment-of", "type": "clause", "offset": [538, 551]}, {"key": "the-custodian", "type": "definition", "offset": [552, 565]}, {"key": "the-obligations", "type": "clause", "offset": [622, 637]}], "snippet": "Upon the occurrence and continuance of an Event of Default, the Agent may at any time and from time to time employ and maintain in the premises of the Borrowers a custodian selected by the Agent who shall have full authority to do all acts necessary to protect the Agent's and Lenders' interests and to report to the Agent thereon. The Borrowers hereby agree to cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All costs and expenses incurred by the Agent by reason of the employment of the custodian shall be charged to the Borrowers' account and added to the Obligations.", "samples": [{"hash": "etI21htSfWH", "uri": "/contracts/etI21htSfWH#collateral-custodian", "label": "Credit Agreement (Donnkenny Inc)", "score": 18.0, "published": true}, {"hash": "eNVMhNb5qvS", "uri": "/contracts/eNVMhNb5qvS#collateral-custodian", "label": "Credit Agreement (Donnkenny Inc)", "score": 18.0, "published": true}, {"hash": "dXeZjp26S3I", "uri": "/contracts/dXeZjp26S3I#collateral-custodian", "label": "Credit Agreement (Manischewitz B Co LLC)", "score": 18.0, "published": true}], "size": 18, "hash": "4ca179d141cec0bd3288f1b561d61e01", "id": 3}, {"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "event-of-default", "type": "clause", "offset": [54, 70]}, {"key": "the-collateral-agent", "type": "definition", "offset": [72, 92]}, {"key": "at-any-time", "type": "clause", "offset": [113, 124]}, {"key": "from-time-to-time", "type": "clause", "offset": [129, 146]}, {"key": "on-the-premises", "type": "definition", "offset": [167, 182]}, {"key": "any-loan", "type": "clause", "offset": [186, 194]}, {"key": "party-a", "type": "clause", "offset": [195, 202]}, {"key": "authority-to", "type": "definition", "offset": [282, 294]}, {"key": "the-agents", "type": "clause", "offset": [328, 338]}, {"key": "the-lenders", "type": "clause", "offset": [344, 355]}, {"key": "each-loan-party", "type": "definition", "offset": [368, 383]}, {"key": "agrees-to", "type": "clause", "offset": [391, 400]}, {"key": "cooperate-with", "type": "clause", "offset": [436, 450]}, {"key": "reasonably-request", "type": "definition", "offset": [530, 548]}], "snippet": "Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent or its designee may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral Agent or its designee who shall have full authority to do all acts necessary to protect the Agents\u2019 and the Lenders\u2019 interests. Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral Agent or its designee may reasonably request to preserve the Collateral.", "samples": [{"hash": "fEyYzSdHJ6p", "uri": "/contracts/fEyYzSdHJ6p#collateral-custodian", "label": "Credit Agreement (Boxlight Corp)", "score": 36.9917869568, "published": true}, {"hash": "leT4cH4DXkX", "uri": "/contracts/leT4cH4DXkX#collateral-custodian", "label": "Financing Agreement (Xponential Fitness, Inc.)", "score": 36.3511276245, "published": true}, {"hash": "4kOsHUiUX5o", "uri": "/contracts/4kOsHUiUX5o#collateral-custodian", "label": "Credit Agreement (Boxlight Corp)", "score": 36.2361412048, "published": true}], "size": 13, "hash": "90edbedd77a0563783617a6e06fcdfb1", "id": 4}, {"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "default-or-event-of-default", "type": "clause", "offset": [54, 81]}, {"key": "the-agent-may", "type": "clause", "offset": [83, 96]}, {"key": "at-any-time", "type": "clause", "offset": [97, 108]}, {"key": "from-time-to-time", "type": "clause", "offset": [113, 130]}, {"key": "on-the-premises", "type": "definition", "offset": [151, 166]}, {"key": "obligor-a", "type": "definition", "offset": [174, 183]}, {"key": "authority-to", "type": "definition", "offset": [236, 248]}, {"key": "the-holders", "type": "clause", "offset": [298, 309]}, {"key": "each-obligor", "type": "clause", "offset": [322, 334]}, {"key": "agrees-to", "type": "clause", "offset": [342, 351]}, {"key": "cooperate-with", "type": "clause", "offset": [387, 401]}, {"key": "reasonably-request", "type": "definition", "offset": [454, 472]}, {"key": "the-collateral", "type": "definition", "offset": [485, 499]}, {"key": "expenses-incurred-by-the-agent", "type": "clause", "offset": [515, 545]}, {"key": "employment-of", "type": "clause", "offset": [563, 576]}, {"key": "the-custodian", "type": "definition", "offset": [577, 590]}, {"key": "the-issuer", "type": "clause", "offset": [622, 632]}, {"key": "the-obligations", "type": "clause", "offset": [646, 661]}], "snippet": "Upon the occurrence and during the continuance of any Default or Event of Default, the Agent may at any time and from time to time employ and maintain on the premises of any Obligor a custodian selected by the Agent who shall have full authority to do all acts necessary to protect the Agent\u2019s and the Holders\u2019 interests. Each Obligor hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All costs and expenses incurred by the Agent by reason of the employment of the custodian shall be the responsibility of the Issuer and added to the Obligations.", "samples": [{"hash": "ll34TM45aKu", "uri": "/contracts/ll34TM45aKu#collateral-custodian", "label": "Securities Purchase Agreement (FriendFinder Networks Inc.)", "score": 21.0547561646, "published": true}, {"hash": "S42DX8YqP8", "uri": "/contracts/S42DX8YqP8#collateral-custodian", "label": "Securities Purchase Agreement (FriendFinder Networks Inc.)", "score": 21.0547561646, "published": true}, {"hash": "5lA2TnytwiT", "uri": "/contracts/5lA2TnytwiT#collateral-custodian", "label": "Securities Purchase Agreement (FriendFinder Networks Inc.)", "score": 21.0547561646, "published": true}], "size": 9, "hash": "b0ba191590213c585de06ad006e6d680", "id": 5}, {"snippet_links": [{"key": "designation-of-collateral-custodian", "type": "clause", "offset": [0, 35]}, {"key": "duties-of-collateral-custodian", "type": "clause", "offset": [54, 84]}, {"key": "merger-or-consolidation", "type": "definition", "offset": [103, 126]}, {"key": "collateral-custodian-compensation", "type": "clause", "offset": [145, 178]}, {"key": "collateral-custodian-removal", "type": "clause", "offset": [197, 225]}, {"key": "limitation-on-liability", "type": "clause", "offset": [244, 267]}, {"key": "collateral-custodian-resignation", "type": "clause", "offset": [286, 318]}, {"key": "release-of-documents", "type": "clause", "offset": [337, 357]}, {"key": "return-of-required-loan-documents", "type": "clause", "offset": [376, 409]}, {"key": "access-to-certain-documentation-and-information-regarding-the-collateral-portfolio", "type": "clause", "offset": [428, 510]}, {"key": "due-diligence", "type": "definition", "offset": [512, 525]}, {"key": "borrower-advisors", "type": "definition", "offset": [533, 550]}, {"key": "amendments-and-waivers", "type": "definition", "offset": [596, 618]}, {"key": "no-waiver", "type": "clause", "offset": [669, 678]}, {"key": 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1284]}, {"key": "waiver-of-set-off", "type": "clause", "offset": [1303, 1320]}, {"key": "section-1216", "type": "clause", "offset": [1325, 1338]}, {"key": "headings-and-exhibits", "type": "clause", "offset": [1339, 1360]}, {"key": "section-1217", "type": "clause", "offset": [1365, 1378]}, {"key": "ratable-payments", "type": "clause", "offset": [1379, 1395]}, {"key": "failure-of-borrower-or-collateral-manager-to-perform-certain-obligations", "type": "clause", "offset": [1414, 1486]}, {"key": "power-of-attorney", "type": "clause", "offset": [1505, 1522]}, {"key": "permitted-equityholder-transaction", "type": "definition", "offset": [1541, 1575]}, {"key": "exhibit-a", "type": "definition", "offset": [1622, 1631]}, {"key": "approval-notice", "type": "definition", "offset": [1640, 1655]}, {"key": "exhibit-b", "type": "definition", "offset": [1656, 1665]}, {"key": "form-of-borrowing-base-certificate", "type": "clause", "offset": [1666, 1700]}, {"key": "exhibit-c", "type": "clause", "offset": 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"type": "clause", "offset": [2007, 2016]}, {"key": "certificate-of-closing", "type": "definition", "offset": [2025, 2047]}, {"key": "exhibit-j", "type": "definition", "offset": [2058, 2067]}, {"key": "collateral-management-report", "type": "clause", "offset": [2076, 2104]}, {"key": "exhibit-k", "type": "clause", "offset": [2105, 2114]}, {"key": "collateral-manager-certificate", "type": "definition", "offset": [2123, 2153]}, {"key": "exhibit-l", "type": "clause", "offset": [2185, 2194]}, {"key": "form-of-release", "type": "definition", "offset": [2195, 2210]}, {"key": "exhibit-m", "type": "definition", "offset": [2238, 2247]}, {"key": "transferee-letter", "type": "definition", "offset": [2256, 2273]}, {"key": "exhibit-n", "type": "definition", "offset": [2274, 2283]}, {"key": "exhibit-o", "type": "clause", "offset": [2325, 2334]}, {"key": "notice-and-request-for-consent-to-lien-release-dividend", "type": "definition", "offset": [2343, 2398]}, {"key": "exhibit-p", "type": "clause", "offset": [2399, 2408]}, {"key": "report-schedule", "type": "clause", "offset": [2429, 2444]}, {"key": "prior-names", "type": "clause", "offset": [2447, 2458]}, {"key": "fictitious-names", "type": "clause", "offset": [2472, 2488]}, {"key": "doing-business-as", "type": "definition", "offset": [2494, 2511]}, {"key": "independent-public-accountants", "type": "clause", "offset": [2558, 2588]}, {"key": "schedule-iii", "type": "definition", "offset": [2589, 2601]}, {"key": "industry-classification-group", "type": "definition", "offset": [2610, 2639]}, {"key": "annex-a", "type": "definition", "offset": [2645, 2652]}, {"key": "addresses-for-notices", "type": "definition", "offset": [2653, 2674]}, {"key": "annex-b", "type": "clause", "offset": [2675, 2682]}, {"key": "annex-c", "type": "clause", "offset": [2695, 2702]}, {"key": "applicable-spread", "type": "definition", "offset": [2714, 2731]}, {"key": "loan-and-security-agreement", "type": "clause", "offset": [2737, 2764]}, {"key": "as-amended", "type": "definition", "offset": [2766, 2776]}, {"key": "from-time-to-time", "type": "clause", "offset": [2831, 2848]}], "snippet": "Designation of Collateral Custodian 132 Section 11.02 Duties of Collateral Custodian 132 Section 11.03 Merger or Consolidation 134 Section 11.04 Collateral Custodian Compensation 135 Section 11.05 Collateral Custodian Removal 135 Section 11.06 Limitation on Liability 135 Section 11.07 Collateral Custodian Resignation 136 Section 11.08 Release of Documents 137 Section 11.09 Return of Required Loan Documents 138 Section 11.10 Access to Certain Documentation and Information Regarding the Collateral Portfolio; Due Diligence on the Borrower Advisors 138 Section 11.11 Bailment 138 Section 12.01 Amendments and Waivers 139 Section 12.02 Notices, Etc. 140 Section 12.03 No Waiver; Remedies 140 Section 12.04 Binding Effect; Assignability; Multiple Lenders 141 Section 12.05 Term of This Agreement 142 Section 12.06 GOVERNING LAW; JURY WAIVER 142 Section 12.07 Costs, Expenses and Taxes 143 Section 12.08 No Proceedings 144 Section 12.09 Recourse Against Certain Parties 144 Section 12.10 Execution in Counterparts; Severability; Integration 146 Section 12.11 Consent to Jurisdiction; Service of Process 146 Section 12.12 Characterization of Conveyances Pursuant to the Purchase and Sale Agreement 146 Section 12.13 Confidentiality 148 Section 12.14 Non-Confidentiality of Tax Treatment 149 Section 12.15 Waiver of Set Off 149 Section 12.16 Headings and Exhibits 149 Section 12.17 Ratable Payments 150 Section 12.18 Failure of Borrower or Collateral Manager to Perform Certain Obligations 150 Section 12.19 Power of Attorney 150 Section 12.20 Permitted Equityholder Transaction 150 Section 12.21 Limitation on Liability 151 EXHIBIT A Form of Approval Notice EXHIBIT B Form of Borrowing Base Certificate EXHIBIT C Form of Disbursement Request EXHIBIT D Form of Joinder Supplement EXHIBIT E Form of Notice of Borrowing EXHIBIT F Form of Notice of Prepayment (Reduction of Advances Outstanding) EXHIBIT G Form of Notice of Reduction (Reduction of Maximum Facility Amount) EXHIBIT H Form of Variable Funding Note EXHIBIT I Form of Certificate of Closing Attorneys EXHIBIT J Form of Collateral Management Report EXHIBIT K Form of Collateral Manager Certificate (Collateral Management Report) EXHIBIT L Form of Release of Required Loan Documents EXHIBIT M Form of Transferee Letter EXHIBIT N Form of Officer\u2019s Certificate (Solvency) EXHIBIT O Form of Notice and Request for Consent to Lien Release Dividend EXHIBIT P Form of Static Pool Report SCHEDULE I Prior Names, Tradenames, Fictitious Names and \u201cDoing Business As\u201d Names SCHEDULE II Agreed-Upon Procedures For Independent Public Accountants SCHEDULE III \u2587\u2587\u2587\u2587\u2587\u2019\u2587 Industry Classification Group List ANNEX A Addresses for Notices ANNEX B Commitments ANNEX C Calculated Applicable Spread THIS LOAN AND SECURITY AGREEMENT (as amended, modified, waived, supplemented, restated or replaced from time to time, this \u201cAgreement\u201d) is made as of August 13, 2015, among:", "samples": [{"hash": "fAXQdymWDor", "uri": "/contracts/fAXQdymWDor#collateral-custodian", "label": "Loan and Security Agreement (FS Investment Corp III)", "score": 26.6153316498, "published": true}], "size": 8, "hash": "f328001554934758da88301de1828a37", "id": 6}, {"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "default-or-event-of-default", "type": "clause", "offset": [54, 81]}, {"key": "lender-may", "type": "definition", "offset": [87, 97]}, {"key": "at-any-time", "type": "clause", "offset": [98, 109]}, {"key": "from-time-to-time", "type": "clause", "offset": [114, 131]}, {"key": "on-the-premises", "type": "definition", "offset": [152, 167]}, {"key": "borrower-a", "type": "definition", "offset": [175, 185]}, {"key": "by-the-lender", "type": "clause", "offset": [205, 218]}, {"key": "authority-to", "type": 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all acts necessary to protect the Lender's interests. The Borrower hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Lender may reasonably request to preserve the Collateral. All costs and expenses incurred by the Lender by reason of the employment of the custodian shall be the responsibility of the Borrower and charged to the Loan Account.", "samples": [{"hash": "h2haxkNOEAC", "uri": "/contracts/h2haxkNOEAC#collateral-custodian", "label": "Financing Agreement (All Star Gas Corp)", "score": 18.0, "published": true}, {"hash": "c6AUFyKCYtR", "uri": "/contracts/c6AUFyKCYtR#collateral-custodian", "label": "Financing Agreement (Tri State Outdoor Media Group Inc)", "score": 18.0, "published": true}], "size": 7, "hash": "d0d85933ec50e6719573c032af308c96", "id": 7}, {"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "default-or-event-of-default", "type": "clause", "offset": [54, 81]}, {"key": "at-any-time", "type": "clause", "offset": [109, 120]}, {"key": "from-time-to-time", "type": "clause", "offset": [125, 142]}, {"key": "on-the-premises", "type": "definition", "offset": [163, 178]}, {"key": "any-loan", "type": "clause", "offset": [182, 190]}, {"key": "party-a", "type": "clause", "offset": [191, 198]}, {"key": "authority-to", "type": "definition", "offset": [263, 275]}, {"key": "the-lenders", "type": "clause", "offset": [321, 332]}, {"key": "each-loan-party", "type": "definition", "offset": [345, 360]}, {"key": "agrees-to", "type": "clause", "offset": [368, 377]}, {"key": "subsidiaries-and-affiliates", "type": "clause", "offset": [396, 423]}, {"key": "cooperate-with", "type": "clause", "offset": [428, 442]}, {"key": "reasonably-request", "type": "definition", "offset": [507, 525]}, {"key": "the-collateral", "type": "definition", "offset": [538, 552]}, {"key": "expenses-incurred-by-agent", "type": "clause", "offset": [568, 594]}, {"key": "employment-of", "type": "clause", "offset": [628, 641]}, {"key": "the-custodian", "type": "definition", "offset": [642, 655]}, {"key": "the-borrowers", "type": "definition", "offset": [687, 700]}, {"key": "in-all-respects", "type": "clause", "offset": [763, 778]}, {"key": "the-\u2587", "type": "clause", "offset": [782, 787]}, {"key": "subordination-agreement", "type": "definition", "offset": [797, 820]}], "snippet": "Upon the occurrence and during the continuance of any Default or Event of Default, Agent or its designee may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by Agent or its designee who shall have full authority to do all acts necessary to protect Agent\u2019s and the Lenders\u2019 interests. Each Loan Party hereby agrees to, and to cause its Subsidiaries and Affiliates to, cooperate with any such custodian and to do whatever Agent or its designee may reasonably request to preserve the Collateral. All costs and expenses incurred by Agent or its designee by reason of the employment of the custodian shall be the responsibility of the Borrowers and shall be Obligations. This Section 14.13 shall be subject in all respects to the \u2587\u2587\u2587\u2587\u2587\u2587/TRG Subordination Agreement.", "samples": [{"hash": "dYRGpfkDITK", "uri": "/contracts/dYRGpfkDITK#collateral-custodian", "label": "Loan and Security Agreement (Doma Holdings, Inc.)", "score": 35.2395629883, "published": true}, {"hash": "1mhv8wYgVYu", "uri": "/contracts/1mhv8wYgVYu#collateral-custodian", "label": "Loan and Security Agreement (Doma Holdings, Inc.)", "score": 35.2395629883, "published": true}], "size": 6, "hash": "b8ab4299dc75f3a947ed6309b42dafb3", "id": 8}, {"snippet_links": [{"key": "the-agents", "type": "clause", "offset": [21, 31]}, {"key": "the-lenders", "type": "clause", "offset": [36, 47]}, {"key": "with-respect-to", "type": "clause", "offset": [56, 71]}, {"key": "the-collateral-agent", "type": "definition", "offset": [88, 108]}, {"key": "pursuant-to", "type": "definition", "offset": [154, 165]}, {"key": "written-agreements", "type": "clause", "offset": [166, 184]}, {"key": "form-and-substance", "type": "clause", "offset": [188, 206]}, {"key": "third-party-collateral", "type": "definition", "offset": [265, 287]}, {"key": "supplemental-collateral", "type": "definition", "offset": [376, 399]}, {"key": "rolling-stock-collateral", "type": "definition", "offset": [425, 449]}, {"key": "the-borrowers", "type": "definition", "offset": [498, 511]}, {"key": "possession-of", "type": "clause", "offset": [530, 543]}, {"key": "certificates-of-title", "type": "definition", "offset": [553, 574]}, {"key": "instruments-and-documents", "type": "definition", "offset": [629, 654]}, {"key": "terms-and-conditions", "type": "clause", "offset": [847, 867]}, {"key": "reports-to", "type": "clause", "offset": [990, 1000]}, {"key": "disposition-of", "type": "clause", "offset": [1042, 1056]}, {"key": "the-loan-parties", "type": "clause", "offset": [1079, 1095]}, {"key": "by-this-agreement", "type": "clause", "offset": [1109, 1126]}, {"key": "compliance-with", "type": "clause", "offset": [1178, 1193]}, {"key": "registration-requirements", "type": "definition", "offset": [1214, 1239]}, {"key": "applicable-law", "type": "definition", "offset": [1246, 1260]}, {"key": "without-limitation", "type": "clause", "offset": [1273, 1291]}, {"key": "motor-vehicle", "type": "definition", "offset": [1297, 1310]}, {"key": "cooperate-with", "type": "clause", "offset": [1337, 1351]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [1536, 1566]}, {"key": "default-or-event-of-default", "type": "clause", "offset": [1590, 1617]}, {"key": "at-any-time", "type": "clause", "offset": [1644, 1655]}, {"key": "from-time-to-time", "type": "clause", "offset": [1660, 1677]}, {"key": "on-the-premises", "type": "definition", "offset": [1698, 1713]}, {"key": "any-loan", "type": "clause", "offset": [1717, 1725]}, {"key": "party-a", "type": "clause", "offset": [1726, 1733]}, {"key": "authority-to", "type": "definition", "offset": [1797, 1809]}, {"key": "each-loan-party", "type": "definition", "offset": [1883, 1898]}, {"key": "agrees-to", "type": "clause", "offset": [1906, 1915]}, {"key": "reasonably-request", "type": "definition", "offset": [2029, 2047]}, {"key": "expenses-incurred", "type": "clause", "offset": [2090, 2107]}, {"key": "employment-of", "type": "clause", "offset": [2149, 2162]}, {"key": "the-custodian", "type": "definition", "offset": [2163, 2176]}, {"key": "responsibility-of-the", "type": "clause", "offset": [2190, 2211]}, {"key": "the-loan-account", "type": "clause", "offset": [2237, 2253]}], "snippet": "(a) Without limiting the Agents' or the Lenders' rights with respect to the Collateral, the Collateral Agent has implemented an arrangement, on terms and pursuant to written agreements in form and substance satisfactory to the Collateral Agent, pursuant to which a third party collateral custodian or agent, acceptable to the Collateral Agent (together with any substitute or supplemental collateral custodian or agent, the \"Rolling Stock Collateral Custodian\") has been engaged, at the expense of the Borrowers, to hold physical possession of original certificates of title or ownership, vehicle registrations and other similar instruments and documents with respect to the Rolling Stock included in the Collateral, upon which certificates of title or ownership the Collateral Agent's Liens shall be noted, and pursuant to which arrangements, on terms and conditions satisfactory to the Collateral Agent, the Rolling Stock Collateral Custodian will, among other things, monitor and render reports to the Agents regarding the acquisition and disposition of such Rolling Stock by the Loan Parties as permitted by this Agreement, and receive and maintain documentation evidencing compliance with vehicle titling and registration requirements under applicable law (including, without limitation, all Motor Vehicle Law), and will assist and cooperate with the Collateral Agent in making the necessary arrangements for such Liens and any releases thereof with respect to the dispositions of Rolling Stock permitted under this Agreement.\n(b) Upon the occurrence and during the continuance of any Default or Event of Default, the Collateral Agent may at any time and from time to time employ and maintain on the premises of any Loan Party a custodian selected by the Collateral Agent who shall have full authority to do all acts necessary to protect the Agents' and the Lenders' interests. Each Loan Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Collateral Agent may reasonably request to preserve the Collateral. All costs and expenses incurred by the Collateral Agent by reason of the employment of the custodian shall be the responsibility of the Borrowers and charged to the Loan Account.", "samples": [{"hash": "gIsDm5BZ2Da", "uri": "/contracts/gIsDm5BZ2Da#collateral-custodian", "label": "Financing Agreement (Allied Holdings Inc)", "score": 18.0, "published": true}, {"hash": "2U14qdM5viK", "uri": "/contracts/2U14qdM5viK#collateral-custodian", "label": "Financing Agreement (Allied Holdings Inc)", "score": 18.0, "published": true}], "size": 6, "hash": "73879727836584ffb3f6a41506153510", "id": 9}, {"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "default-or-event-of-default", "type": "clause", "offset": [54, 81]}, {"key": "at-any-time", "type": "clause", "offset": [93, 104]}, {"key": "from-time-to-time", "type": "clause", "offset": [109, 126]}, {"key": "on-the-premises", "type": "definition", "offset": [147, 162]}, {"key": "party-a", "type": "clause", "offset": [177, 184]}, {"key": "authority-to", "type": "definition", "offset": [233, 245]}, {"key": "the-lenders", "type": "clause", "offset": [291, 302]}, {"key": "agrees-to", "type": "clause", "offset": [340, 349]}, {"key": "cooperate-with", "type": "clause", "offset": [385, 399]}, {"key": "reasonably-request", "type": "definition", "offset": [448, 466]}, {"key": "the-collateral", "type": "definition", "offset": [479, 493]}, {"key": "expenses-incurred-by-agent", "type": "clause", "offset": [520, 546]}, {"key": "employment-of", "type": "clause", "offset": [564, 577]}, {"key": "the-custodian", "type": "definition", "offset": [578, 591]}, {"key": "the-borrowers", "type": "definition", "offset": [623, 636]}, {"key": "the-loan-account", "type": "clause", "offset": [652, 668]}], "snippet": "Upon the occurrence and during the continuance of any Default or Event of Default, Agent may at any time and from time to time employ and maintain on the premises of any Credit Party a custodian selected by Agent who shall have full authority to do all acts necessary to protect Agent\u2019s and the Lenders\u2019 interests. Each Credit Party hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever Agent may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by Agent by reason of the employment of the custodian shall be the responsibility of the Borrowers and charged to the Loan Account.", "samples": [{"hash": "3T9i7LgN3gN", "uri": "/contracts/3T9i7LgN3gN#collateral-custodian", "label": "Credit Agreement (Milacron Inc)", "score": 21.0, "published": true}], "size": 6, "hash": "5541b9db657a4be260ac8b029857aa96", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1jb2xsYXRlcmFsLWN1c3RvZGlhbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["agents", "Agents"], ["miscellaneous", "Miscellaneous"], ["financial-covenants", "Financial Covenants"], ["covenants-of-the-loan-parties", "Covenants of the Loan Parties"], ["management-collection-and-status-of-accounts-receivable-and-other-collateral", "Management Collection and Status of Accounts Receivable and Other Collateral"]], "children": [["duties", "Duties"], ["designation-of-collateral-custodian", "Designation of Collateral Custodian"], ["merger-or-consolidation", "Merger or Consolidation"], ["collateral-custodian-compensation", "Collateral Custodian Compensation"], ["appointment", "Appointment"]], "title": "Collateral Custodian", "size": 437, "id": "collateral-custodian", "related": [["initial-collateral-custodian", "Initial Collateral Custodian", "Initial <strong>Collateral Custodian</strong>"], ["collateral-custodian-compensation", "Collateral Custodian Compensation", "<strong>Collateral Custodian</strong> Compensation"], ["designation-of-collateral-custodian", "Designation of Collateral Custodian", "Designation of <strong>Collateral Custodian</strong>"], ["successor-collateral-custodian", "Successor Collateral Custodian", "Successor <strong>Collateral Custodian</strong>"], ["ftps-unit-servicing-agent", "FTPS Unit Servicing Agent", "FTPS Unit Servicing Agent"]], "related_snippets": [], "updated": "2026-06-03T05:49:28+00:00", "also_ask": ["What are the essential duties and liabilities that must be clearly defined for the Collateral Custodian?", "How can parties negotiate limitations on the Collateral Custodian\u2019s liability and indemnification obligations?", "What are the most common risks or fatal flaws in Collateral Custodian clauses that could undermine enforceability?", "How do Collateral Custodian provisions differ across jurisdictions or under different governing laws?", "What standards do courts apply to determine if a Collateral Custodian has breached its obligations?"], "drafting_tip": "Specify the custodian's duties to clarify responsibilities, define eligibility criteria to ensure reliability, and outline replacement procedures to maintain continuity.", "explanation": "The Collateral Custodian clause designates a third party responsible for holding and safeguarding collateral provided under an agreement. This custodian manages the receipt, storage, and release of collateral assets, such as cash or securities, according to the terms set by the contracting parties. By appointing a neutral custodian, the clause ensures that collateral is securely maintained and only released when contractual conditions are met, thereby reducing counterparty risk and providing assurance to both parties."}, "json": true, "cursor": ""}}